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Procurement Meaning in English

word

Definition

The act of obtaining or buying goods and services, especially for business or government purposes.

Usage & Nuances

Mostly used in formal, business, or government contexts. Common phrases: 'procurement department', 'public procurement'. Not usually used for personal shopping. Can also refer to the process and policies of purchasing, not just the act itself.

Example Sentences

The company is responsible for the procurement of office supplies.

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Government procurement must follow specific rules.

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She works in the procurement department.

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Strict procurement policies help avoid corruption in public projects.

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Last year, our procurement costs dropped by 15%.

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We're streamlining our procurement process to save time and money.

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